07 Feb 2026

The Uttar Pradesh Housing and Development Board has generated approximately INR 1,000 crore in revenue through its recent first-come, first-served housing scheme, according to official disclosures. The initiative, launched late last year, allows homebuyers to book unsold units across the state through a centralised online portal that provides comprehensive property details. More than 2,140 flats have been booked so far. To incentivise participation, the board offered a 15 per cent discount for full payments made within 60 days of booking and a 10 per cent rebate for payments completed within 90 days. The scheme, open until the end of March, has helped convert long-standing unsold inventory into booked homes and bolstered housing board revenue, while emphasising transparency and ease of access in the booking process.Read more

07 Feb 2026

Housing price growth across India's top eight residential markets slowed sharply to an average of 6% in 2025, compared to 17% in 2024, reflecting a phase of market normalisation, according to PropTiger. While Bengaluru and Hyderabad continued to record relatively stronger price appreciation, most other cities witnessed muted growth or consolidation after steep increases in the previous year. The report highlighted disciplined supply additions, stable inventory levels and a cautious buyer sentiment amid economic uncertainty. Residential sales declined 12% year-on-year to their lowest level since 2022, while new supply also moderated. Despite slower momentum, PropTiger noted that developers largely protected pricing integrity, indicating a balanced market entering 2026 rather than a sharp correction.Read more

Gurugram News Desk

06 Feb 2026

Haryana's flagship affordable housing policy has effectively stalled in Gurugram and Faridabad, with developers and industry stakeholders saying that escalating land and construction expenses have made projects under the scheme financially unviable. Officials from the Town and Country Planning Department have confirmed that no new licences for affordable housing projects have been granted in Gurugram over the past one-and-a-half to two years, and the Gurugram-Manesar Master Plan area has not seen any fresh affordable housing developments during this period. Under the current policy, the sale price of affordable units is capped at INR 5,000 per sq ft, but surging input costs have far outpaced this rate, leaving developers unable to meet prescribed price limits. Homebuyers and industry bodies are now urging the state government to revise the pricing framework and make the policy continuous rather than episodic to restore project momentum.Read more

06 Feb 2026

Haryana is set to pilot a faceless property registration system in Faridabad, with the project expected to begin by the end of March. The three-month trial will be conducted in one tehsil and closely monitored before any statewide expansion. Hosted on the MeitY Cloud, the system aims to digitise the entire registration process, reduce physical interaction and limit human discretion. Officials say the initiative could improve transparency, speed up registrations and reduce procedural delays while strengthening public trust in land transactions.Read more

06 Feb 2026

Dubai Residential REIT has reported higher full-year profit and revenue, supported by stable rental income and steady demand across its residential portfolio. Net profit rose to AED 1.28 billion from AED 1.12 billion a year earlier, while revenue increased to AED 1.95 billion from AED 1.79 billion. Alongside the earnings growth, the board has proposed a dividend of 4.2 fils per share for the second half of 2025, subject to approvals. The performance aligns with broader strength in Dubai's residential rental market.Read more

Mumbai News Desk

06 Feb 2026

Mumbai's residential development landscape saw a pronounced decline in studio apartment supply during 2025, with only 790 studio units launched across the city — the lowest figure recorded in the past five years, according to data from the Maharashtra Real Estate Regulatory Authority (MahaRERA). This segment accounted for just 2 per cent of total housing launches in the calendar year, which comprised 42,643 units across all configurations. By contrast, smaller apartments such as 1 BHK and 2 BHK homes continued to represent the bulk of new supply, together making up nearly 60 per cent of all launches. The fall in studio introductions underscores a shift in developer focus and market dynamics, as competitors prioritise larger configurations that offer higher revenue potential amid an overall slowdown in housing supply in India's largest residential market. Analysis of launch trends suggests that subdued interest in micro-units aligns with broader structural real estate patterns in the city.Read more

Mumbai News Desk

05 Feb 2026

At least 61 individuals in Mumbai have been defrauded of a total of INR 2.41 crore by persons posing as officials capable of securing Maharashtra Housing and Area Development Authority (MHADA) flats at subsidised rates, a complaint registered with Rabale police has alleged. The case was lodged by a property consultant who said he, a colleague and 61 clients were misled by the accused into making advance payments for purportedly low-cost MHADA housing in areas including Powai, Wadala and Worli. Payments were collected on promises of flats at below-market prices with potential resale gains, but when the complainants sought to complete the transactions they discovered the listings and accompanying documentation were fake. One key intermediary has already been arrested in a related matter, while another suspect remains at large as investigations proceed.Read more

05 Feb 2026

Revenue officials in Gurugram have come under scrutiny after several property registrations were carried out despite explicit prohibition orders issued by the Town and Country Planning Department (TCP). The issue surfaced following the registration of the Bristol Hotel-cum-commercial complex on MG Road, which was processed even after the TCP directed authorities to halt all related transactions. The TCP has sought legal action against the officials involved and flagged similar cases linked to Ansal Buildwell, raising concerns over compliance with planning and registration laws.Read more

05 Feb 2026

The PM Surya Ghar: Muft Bijli Yojana has benefitted over 26 lakh households across India, with the Centre disbursing INR 14,771.82 crore as financial assistance till December 2025. Since its launch in February 2024, more than 20.85 lakh rooftop solar systems have been installed nationwide. Gujarat, Maharashtra and Uttar Pradesh account for the highest number of beneficiaries. The government estimates that large-scale rooftop solar adoption could significantly cut carbon emissions over time, while parallel efforts are underway to strengthen energy storage and global renewable partnerships.Read more

05 Feb 2026

The Uttar Pradesh government has approved mandatory Aadhaar-based authentication for all property registrations across the state, effective from February 1, 2026. The move requires biometric and e-KYC verification of buyers, sellers, executants and witnesses at Sub-Registrar offices. The decision aims to curb land fraud, impersonation and forged registrations, which have led to disputes and litigation in the past. The reform is part of wider efforts to modernise land records, alongside the ongoing digitisation of documents registered between 2002 and 2017.Read more

Mumbai News Desk

04 Feb 2026

Pramit Jhaveri, the former chief executive officer of Citibank India, and his wife, Mukeeta, have acquired a luxury apartment in the Echay House development on South Mumbai's prestigious Carmichael Road, registering the transaction at approximately INR 38.16 crore. Property records show the 2,805 sq ft residence was bought at about INR 1.36 lakh per sq ft, and the deal includes car parking spaces. The purchase was registered in late November 2025, with stamp duty of more than INR 2.28 crore and a registration fee of INR 30,000 paid to complete the process. The deal underscores continuing demand for high-end housing in prime Mumbai neighbourhoods, where limited inventory and strong buyer interest sustain premium pricing. Industry data indicate that India's ultra-luxury segment remained active in the past year, with marquee residential deals concentrated in central and southern parts of the city.Read more

04 Feb 2026

Mortgage approvals in the UK fell to 61,013 in December, marking the lowest level since mid-2024, according to Bank of England data. This decline, below economists forecasts, reflects a slowdown in property transactions following the end of a temporary tax break and pre-budget caution over potential higher levies on expensive homes. Annual house price growth remained modest, with Halifax reporting 0.3% and Nationwide 0.6% increases. While early signs show improving buyer sentiment and retail sales were stronger than expected, the low mortgage approvals indicate the housing market may remain subdued in early 2026.Read more

04 Feb 2026

Asia Pacific real estate buying intentions have reached a four-year high for 2026, driven by stronger rental prospects, easing financing conditions and reduced supply pipelines, a CBRE survey shows. The office segment has become the most preferred asset class for the first time in six years as leasing activity improves. Tokyo continues to lead cross-border investment interest, followed by Sydney, while Hong Kong has re-entered the top rankings. Rising construction costs and geopolitical risks remain key concerns for investors across the region.Read more